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New PEG White Paper on PBR for Electric Utilities

Gretchen Waschbusch • December 18, 2024

PBR is a hot topic in Virginia 

Virginia's legislature has directed the State Corporation Commission to prepare a report on the potential use of performance-based ratemaking for electric utilities. A collaborative discussion has been initiated by the Virginia Department of Energy. PEG prepared this white paper for Clean Virginia that explains PBR options and their potential application to Appalachian Power and Dominion Energy. The design of multiyear rate plans for vertically-integrated electric utilities is emphasized. 

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